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Management in Asia
Management in Asia
East
Collectivist
Reluctant followers of
capitalism
Long-termism
Steep hierarchy
Seniority-based
Multiple equally
important stakeholders
Cultural Factors
Confucianism
High morals, ethical conduct, and loyalty
to others are stressed
Emphasis on education
Value hierarchy/seniority
West
Individualist
Early adopters &
proponents of
capitalism
Characteristics of East Asian Management
Support for long-term planning and risk
minimisation through diversification
Closely linked with ruling political elite
Political
Tension within East-Asia due to shared
complex history